Cheap Apartments for Rent in Monona, WI from $600 (108 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monona.

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Pirate Island Apartments
$1,120 - $1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,120 - $1,675
Total Monthly Price
$1,120 - $1,675
1 to 2 Bedroom Apartments Available Now

Pirate Island Apartments

706 Pirate Island RdMonona, WI 53716
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
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Yahara Terrace
$1,350 - $2,425
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $2,425
Total Monthly Price
$1,350 - $2,425
1 to 2 Bedroom Apartments Available Now

Yahara Terrace

320 W BroadwayMonona, WI 53716
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

Finding Your Place in Madison: Neighborhoods Close to the City’s Biggest Jobs

Finding the right Madison apartment near work is easy. Browse our guide to the best neighborhoods for professionals, from State-Langdon to Bay Creek.

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600 Femrite Dr
1 Bedroom Apartments

600 Femrite Dr

600 Femrite DrMonona, WI 53716
  • Utilities Included
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Mardelle Apartments
1 to 2 Bedroom Apartments

Mardelle Apartments

408-470 Femrite DrMonona, WI 53716
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Glendale Gardens
1 Bedroom Apartments

Glendale Gardens

201 Tompkins DrMonona, WI 53716
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Besa Monona
Studio to 2 Bedroom Apartments

Besa Monona

6501 Bridge RdMonona, WI 53713
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612 Femrite Dr
1 to 2 Bedroom Apartments

612 Femrite Dr

612 Femrite DrMonona, WI 53716
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  • Smoke Free
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The Post
Rent Specials
$759 - $1,950
Total Monthly Price

Total Monthly Price

Base Rent
$759 - $1,950
Total Monthly Price
$759 - $1,950
Studio to 1 Bedroom Apartments Available Now

The Post

131 E Lakeside StMadison, WI 53715
Affordability
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  • Utilities Included
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Carbon
$771 - $1,943
Total Monthly Price

Total Monthly Price

Base Rent
$771 - $1,943
Total Monthly Price
$771 - $1,943
1 to 3 Bedroom Apartments Available Now

Carbon

2418 Winnebago StMadison, WI 53704
Pet Friendly
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  • Utilities Included
  • Low Income
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269 Waubesa St
$900
Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900
1 Bedroom Apartment Available Now

269 Waubesa St

269 Waubesa StMadison, WI 53704
Cost Per Sq.Ft.

Madison's Best Affordable Neighborhoods

Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 1259 Spaight St

$1,200 - $1,300

Studio To 1 Bedroom Rentals

Available Now

1259 Spaight St

MadisonWI53703

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Monona, WI Local Guide

Cheapest Available Monona Apartments for Rent

 

The cheapest available apartment rental in Monona, WI is a 1 Bed unit found at The Post in the Downtown Madison neighborhood priced from $759. 3401 Dawes St in the Near East Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $860. Here is today’s list of the most affordable Monona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The PostOne Bedroom1BR,1BA$759
3401 Dawes St1bed1bath1BR,1BA$860
Colonial ApartmentsStudioStudio,1BA$990
Madison Mayfair Apartments1 Bedroom1BR,1BA$999
Mcfarland Williamstown Bay (55+)1 Bedroom1BR,1BA$1,095
Seven Oaks ApartmentsPhantom2BR,1BA$1,095
Lake Point TerraceOne Bed One Bath 700 sqft1BR,1BA$1,097
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$1,100
5800 Bjelde Ln101BR,1BA$1,100

Best Value Apartments for Rent in Monona, WI

As of August 04, 2026 the best value apartment in the Monona area is the $1.13 price per square foot 3x2.5TH Model at Broadway Lofts and Townhomes in the in the Pflaum Road neighborhood starting from $1,577. The second greatest value Monona apartment is the sv2brlow Model at Stonewood Village starting at $1,477 with a $1.48 price per square foot in the Eastmorland neighborhood. Here is today’s list of the best values for Monona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway Lofts and Townhomes3x2.5TH3BR,2.5BA$1.13
Stonewood Villagesv2brlow2BR,1BA$1.48
3401 Dawes St2bed1bath2BR,1BA$1.23
5800 Bjelde Ln101BR,1BA$1.22
Williamstown Bay EastWilliamstown Bay East - 1022BR,1BA$1.30
Pirate Island ApartmentsWaterside 1br1BR,1BA$1.40
Glendale GardensOne Bedroom1BR,1BA$1.43
Capitol View Apartments2 Bed 1 Bath2BR,1BA$1.47
Rise-Madison1 Bed / 1 Bath1BR,1BA$1.46
269 Waubesa St269 Waubesa St1BR,1BA$1.29

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI

Discover the best student housing neighborhoods for renting in Madison, Wisconsin! This guide covers apartments near the University of Wisconsin-Madison, Edgewood University, Herzing University, and Madison Area Technical College, detailing locations like Regent, Shorewood Hills, Dudgeon-Monroe, and more for your perfect college home.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Monona, WI Area Reviews

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Gwen • 4+ years in Monona

June 8, 2025

Monona is a safe & quiet community close to Madison. It's 8 minutes to the Dane County Courthouse. It's secluded from city life and sits next to 2 walking parks and Lake Monona. It's a wonderful place to live.

Frequently Asked Questions about Cheap Monona Apartments

What is the Cheapest Studio apartment in Monona?

Currently the most affordable Cheap Studio Apartment in Monona is at Colonial Apartments listed at $990.

How much is rent for a Cheap One Bedroom Monona Apartment?

The lowest price for a Cheap One Bedroom Monona Apartment is $759 at The Post.

What is the lowest price for a Cheap Two Bedroom Monona Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monona is starting from $1,050 at Madison Mayfair Apartments.

What is the most affordable Monona Three Bedroom Apartment?

The best deal on a cheap Monona Three Bedroom Apartment rental is at Madison Mayfair Apartments and starts from $1,300.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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